Franklin Joshva
![Assessments u/s 153C Quashed: ITAT Rules Notices for AY 2008-09 to 2012-13 Invalid Due to Limitation and Lack of Valid Satisfaction [Read Order]](https://images.taxscan.in/h-upload/2025/08/13/500x300_2076390-2044201-mechanical-itat-assessment-application-of-mind-taxscan.webp "Assessments u/s 153C Quashed: ITAT Rules Notices for AY 2008-09 to 2012-13 Invalid Due to Limitation and Lack of Valid Satisfaction [Read Order]")
Assessments u/s 153C Quashed: ITAT Rules Notices for AY 2008-09 to 2012-13 Invalid Due to Limitation and Lack of Valid Satisfaction [Read Order]
The Chennai Bench of the Income Tax Appellate Tribunal (ITAT) has invalidated assessment proceedings initiated under Section153C of the Income Tax...
![Cash Deposit of ₹1.91 Cr Addition Quashed: ITAT Rules Sales Substantiated by Audited Books, VAT Returns, and Stock Records [Read Order]](https://images.taxscan.in/h-upload/2025/08/13/250x150_2076353-cash-deposit-addition-quashed-itat-rule-sales-audited-books-vat-returns-taxscan.webp "Cash Deposit of ₹1.91 Cr Addition Quashed: ITAT Rules Sales Substantiated by Audited Books, VAT Returns, and Stock Records [Read Order]")
![Unverified Sale Consideration Details: ITAT Remands Capital Gain Addition Matter for Reconsideration [Read Order]](https://images.taxscan.in/h-upload/2025/08/13/250x150_2076364-capital-gain-addition-taxscan.webp "Unverified Sale Consideration Details: ITAT Remands Capital Gain Addition Matter for Reconsideration [Read Order]")
![Reassessment based on Incorrect Facts not Valid: ITAT Quashes Notice u/s 148 [Read Order]](https://images.taxscan.in/h-upload/2025/08/13/250x150_2076365-itat-quashes-reassessment-itat-taxscan.webp "Reassessment based on Incorrect Facts not Valid: ITAT Quashes Notice u/s 148 [Read Order]")
![Non-Compliance with Statutory Notices and Absence of Verifiable Stock Evidence: ITAT Sustains ₹68.07 Lakh Addition as Unexplained Investment [Read Order]](https://images.taxscan.in/h-upload/2025/08/13/250x150_2076357-unexplained-investment-taxscan.webp "Non-Compliance with Statutory Notices and Absence of Verifiable Stock Evidence: ITAT Sustains ₹68.07 Lakh Addition as Unexplained Investment [Read Order]")
Unsigned Loose Paper Not Convincingly Explained: ITAT Restores ₹75 Lakh On-Money Addition u/s 69A to CIT(A) [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) ruled that the assessee's explanation for an unsigned loose paper found during search was not convincing and restored the Rs. 75 lakh ...
![Unsigned Loose Paper Not Convincingly Explained: ITAT Restores ₹75 Lakh On-Money Addition u/s 69A to CIT(A) [Read Order]](https://images.taxscan.in/h-upload/2025/08/13/500x300_2076349-itat-money-addition-unsigned-loose-paper-taxscan.webp "Unsigned Loose Paper Not Convincingly Explained: ITAT Restores ₹75 Lakh On-Money Addition u/s 69A to CIT(A) [Read Order]")
ITAT Rules Approval u/s 151 Invalid Due to Mechanical Sanction Without Application of Mind, Quashes Reassessment order [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has invalidated reassessment proceedings initiated and declared the approval granted under Section 151 of the Income Tax Act, 1961, as ...
![ITAT Rules Approval u/s 151 Invalid Due to Mechanical Sanction Without Application of Mind, Quashes Reassessment order [Read Order]](https://images.taxscan.in/h-upload/2025/08/13/500x300_2076376-itat-itat-rules-itat-rules-approval-invalid-due-to-mechanical-sanction-taxscan.webp "ITAT Rules Approval u/s 151 Invalid Due to Mechanical Sanction Without Application of Mind, Quashes Reassessment order [Read Order]")
Advance Ruling Sought on Taxability of Supplier’s Transactions and Local Authority Status for Thane Municipal Transport Undertaking Not Admissible u/s 97: AAR [Read Order]
The Maharashtra Authority for Advance Ruling (AAR) held that the questions raised do not qualify under Section 97(2) of the Central Goods and Services Tax (CGST) Act, 2017, and involve taxability of...
![Advance Ruling Sought on Taxability of Supplier’s Transactions and Local Authority Status for Thane Municipal Transport Undertaking Not Admissible u/s 97: AAR [Read Order]](https://images.taxscan.in/h-upload/2025/08/02/500x300_2072414-advance-ruling-thane-municipal-transport-aar-taxscan.webp "Advance Ruling Sought on Taxability of Supplier’s Transactions and Local Authority Status for Thane Municipal Transport Undertaking Not Admissible u/s 97: AAR [Read Order]")
Bogus LTCG Addition without Incriminating Material in Search Assessment Invalid: ITAT Grants Relief u/s 10(38) [Read Order]
The Chandigarh Bench of the Income Tax Appellate Tribunal (ITAT) deleted the addition of Rs. 94,59,870 treated as bogus long-term capital gain (LTCG) and ruled that such addition was unsustainable in...
![Bogus LTCG Addition without Incriminating Material in Search Assessment Invalid: ITAT Grants Relief u/s 10(38) [Read Order]](https://images.taxscan.in/h-upload/2025/08/02/500x300_2072448-bogus-ltcg-itat-taxscan.webp "Bogus LTCG Addition without Incriminating Material in Search Assessment Invalid: ITAT Grants Relief u/s 10(38) [Read Order]")
Delay in Filing Appeal Due to Illiteracy and Email Issues: ITAT Condones 349-Day Delay, Restores Ex-Parte Assessment to AO for Verification [Read Order]
Ningaiah Siddu,The Bangalore Bench of the Income Tax Appellate Tribunal (ITAT) condoned a 349-day delay in filing the appeal before the Commissioner of Income Tax (Appeals) [CIT(A)], attributing it...
![Delay in Filing Appeal Due to Illiteracy and Email Issues: ITAT Condones 349-Day Delay, Restores Ex-Parte Assessment to AO for Verification [Read Order]](https://images.taxscan.in/h-upload/2025/08/02/500x300_2072389-delay-filing-appeal-illiteracy-and-email-issues-itat-restores-ex-parte-assessment-taxscan.webp "Delay in Filing Appeal Due to Illiteracy and Email Issues: ITAT Condones 349-Day Delay, Restores Ex-Parte Assessment to AO for Verification [Read Order]")
Bogus LTCG Addition u/s 68 Not Sustainable: ITAT Validates Demerger-Allotted Shares Transaction Citing Genuineness of Documentary Evidence [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) ruled that the long-term capital gains (LTCG) from sale of shares allotted pursuant to a demerger scheme were genuine, as the assessee...
![Bogus LTCG Addition u/s 68 Not Sustainable: ITAT Validates Demerger-Allotted Shares Transaction Citing Genuineness of Documentary Evidence [Read Order]](https://images.taxscan.in/h-upload/2025/08/01/500x300_2071816-bogus-ltcg-addition-itat-validates-demerger-allotted-transaction-documentary-evidence.webp "Bogus LTCG Addition u/s 68 Not Sustainable: ITAT Validates Demerger-Allotted Shares Transaction Citing Genuineness of Documentary Evidence [Read Order]")
MAT Credit Revised from ₹29.17 Cr to ₹29.94 Cr Post-Appellate Recalculation: ITAT Upholds Higher Claim [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) upheld the CIT(A)’s direction to allow Minimum Alternate Tax (MAT) credit of Rs. 29,94,40,364 under Section 115JAA of the Income Tax Act,...
![MAT Credit Revised from ₹29.17 Cr to ₹29.94 Cr Post-Appellate Recalculation: ITAT Upholds Higher Claim [Read Order]](https://images.taxscan.in/h-upload/2025/07/31/500x300_2071545-itat-mumbai-mat-credit-mat-credit-revised-taxscan.webp "MAT Credit Revised from ₹29.17 Cr to ₹29.94 Cr Post-Appellate Recalculation: ITAT Upholds Higher Claim [Read Order]")